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6 - Corporate governance: setting the scene for perioperative practice

Brian Smith
Affiliation:
Edge Hill College of Higher Education, Ormskirk
Paul Rawling
Affiliation:
Edge Hill College of Higher Education, Ormskirk
Paul Wicker
Affiliation:
Edge Hill College of Higher Education, Ormskirk
Chris Jones
Affiliation:
Edge Hill College of Higher Education, Ormskirk
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Summary

Key Learning Points

  • Appreciate the nature of corporate governance

  • Understand the public policy initiatives that gave rise to corporate governance in healthcare

  • Appreciate the implications of failing corporate governance

Introduction

Corporate governance is the way in which governing boards direct, control and manage organizations and public bodies. One of the roles of stakeholders is to recognize an organization's obligations to society. Good governance leads to good management, performance and financial management, and ultimately to good outcomes for patients and organizations.

This chapter will identify the core principles of good governance, the underlying corporate governance codes, their application and the roles and responsibilities of all involved. The aim of good governance is to understand accountability for the benefit of all stakeholders, including patients.

Adopting a comprehensive corporate governance framework is the cornerstone of sound business conduct and is fundamental to the success of an organization. Failure in governance is a threat to the future of organizations. This was seen in recent examples of poor corporate governance in healthcare, for example in the organ retention scandals, and in business, for example the events at Enron and Maidstone (discussed later in this chapter).

Type
Chapter
Information
Core Topics in Operating Department Practice
Leadership and Management
, pp. 39 - 48
Publisher: Cambridge University Press
Print publication year: 2009

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References

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